Fidelity National Information Services (NYSE:FIS) Stock Gets Price Target Reduction from Cantor Fitzgerald

Fidelity National Information Services (NYSE:FIS) had its price objective lowered by Cantor Fitzgerald from $50.00 to $45.00 in a report published on Friday, MarketBeat Ratings reports. The firm currently has an overweight rating on the information technology services provider’s stock.

A number of other brokerages have also issued reports on FIS. Wolfe Research increased their price objective on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Morgan Stanley initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 target price on the stock. Weiss Ratings downgraded shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 10th. Barclays dropped their target price on shares of Fidelity National Information Services from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. Finally, Truist Financial cut their target price on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.28.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $35.95 on Friday. The company has a market capitalization of $18.58 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.42 and a beta of 0.81. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The stock’s 50-day simple moving average is $37.99 and its 200-day simple moving average is $41.22. Fidelity National Information Services has a 52 week low of $32.10 and a 52 week high of $68.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The firm’s revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. As a group, analysts expect that Fidelity National Information Services will post 6.20 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, September 11th. Fidelity National Information Services’s payout ratio is currently 27.04%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey Goldstein purchased 1,585 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were bought at an average price of $36.40 per share, with a total value of $57,694.00. Following the completion of the purchase, the director directly owned 18,697 shares in the company, valued at $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors have recently bought and sold shares of the business. Rexford Capital Inc. lifted its stake in Fidelity National Information Services by 16.1% during the first quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 230 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of Fidelity National Information Services by 2.0% during the first quarter. Azzad Asset Management Inc. ADV now owns 12,598 shares of the information technology services provider’s stock worth $591,000 after buying an additional 250 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of Fidelity National Information Services by 4.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider’s stock worth $246,000 after buying an additional 290 shares during the period. New England Capital Financial Advisors LLC grew its stake in shares of Fidelity National Information Services by 21.8% in the first quarter. New England Capital Financial Advisors LLC now owns 1,692 shares of the information technology services provider’s stock valued at $79,000 after buying an additional 303 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of Fidelity National Information Services by 0.3% in the first quarter. Bleakley Financial Group LLC now owns 115,095 shares of the information technology services provider’s stock valued at $5,399,000 after buying an additional 328 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Key Headlines Impacting Fidelity National Information Services

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: Bank of America initiated coverage with a Buy rating and a $42 price target, implying potential upside and adding a bullish institutional view. Bank of America coverage details
• Positive Sentiment: FIS and Anthropic made the FIS AML Investigations Agent commercially available to U.S. banks. The AI tool is designed to help financial institutions manage money-laundering investigations, potentially creating a new growth opportunity and strengthening FIS’s competitive position in banking technology. FIS and Anthropic launch AML investigations agent
• Positive Sentiment: A Zacks analysis cited rising free cash flow, expanding margins and acquisition synergies as possible catalysts for a rebound after the stock’s steep decline. Zacks FIS rebound analysis
• Neutral Sentiment: Cantor Fitzgerald lowered its target from $50 to $45 but maintained an Overweight rating, while Citigroup cut its target from $45 to $39 and moved to Neutral. The revisions reduce expectations but still leave analysts’ targets above the current trading level.
• Negative Sentiment: Susquehanna also reduced its price target, to $37. The cluster of target cuts suggests analysts remain cautious about FIS’s near-term earnings outlook and valuation, contributing to pressure on the shares. Susquehanna cuts FIS price target

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.